As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
Rising temperatures and humidity are increasingly compromising cargo integrity during transit, making prevention essential for operational resilience.Climate change is no longer a distant concern for shipping. Across Southeast Asia, rising temperatures and humidity, and more volatile weather patterns are increasingly affecting cargo integrity during transit.
Four major defense companies have proposed the establishment of an AUKUS Combat Systems Collaborative Team in contemplation of a potential role for Australia’s SSN-AUKUS conventionally armed nuclear-powered submarines, under a Memorandum of Understanding (MoU) signed Wednesday, November 5.
UK-based bunker operator John H. Whitaker (Tankers) Limited secured chemical certification from Lloyd’s Register (LR) on behalf of the Isle of Man Flag Administration for its tanker Whitchampion to load, carry and blend Fatty Acid Methyl Esters (FAME B100) onboard under IBC Code and MARPOL Annex II regulations.
Rolls-Royce has signed memorandums of understanding (MOUs) with both Western and South Australian governments that outline a commitment to collaborate on workforce development, skills training, and critical technologies to support the growing defence sectors in each state.This marks a significant step forward in Australian preparations for the AUKUS submarine program which will provide the
Baker Marine Solutions (BMS) announced a formal partnership with Seacroft Marine Consultants (EMEA) and M3 Marine Expertise (Asia-Pacific) through a signed Memorandum of Understanding (MOU).After establishing a working relationship in recent years, this tri-party alliance formally marks a milestone in enabling cross-regional delivery of Marine Assurance, Marine Warranty